STRIKE RESOURCES LIMITED — Major Shareholding Notification 2009

Feb 15, 2009

COCHRANE LISHMAN

Total: 5 pages

13 February 2009

Company Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

By fax: 1300 135 638

Dear Sir/Madam

Strike Resources Limited ABN 94 088 488 724

We act for Gallagher Holdings Limited.

On behalf of Gallagher, we enclose a notice of change of interests of substantial holder (dated 12 February 2009) in respect of Gallagher's interest in Strike Resources Limited.

Yours faithfully

Cochrone Listman

Cochrane Lishman

Contact: Paul Vinci Partner

Level 12, London House, 216 St Georges Terrace, Perth, Western Australia 6000 T +61 8 9262 5555 F +61 8 9262 5522

www.cochranelishman.com.au

604 page 1/3 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Strike Resources Limited ("Strike")
ACN/ARSN	ABN 94 088 488 724
1. Details of substantial holder (1)
Name	Gallagher Holdings Limited and the other entities referred to in item 6 below(together "Gallagher")
ACN/ARSN (if applicable)	Gallagher Holdings Limited is incorporated in Cyprus with company numberHE 133001
There was a change in the interests of the
substanlial holder on	11/02/09
The previous notice was given to the company on	14/08/08
The previous notice was dated	13/08/08
. Previous and present voting power	$\cdots$

are contained in the scheme that the scheme of video all the volting shares in the company or volling interests in the scheme that the substantialholder or an associate (2) had a relevant interest (3) in when last require notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
				Person's votes Voting power (5) Person's votes Voting power (5)
Ordinary shares	18,068,086	13.89%	19,942.086	15.34%

1. Changes in relevant interestsParticulars of each change in, or change in the nature of, a related interest of the substantial holder or an associate in votingsecurities of the company or scheme, since the substantial

Date of change	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change $(7)$	Class andnumber ofsecuritiesaffected	Person's votesaffected
See Annexure A	Gallagher	shares onmarket	Acquisition of See Annexure A!	1,874,000ordinary shares	1,874,000

604 page 2/3 15 July 2001

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
GallagherHoldingsLimited	ANZ NomineesLimited	GallagherHoldingsLimited	Pursuant tosection 608(1)of theCorporationsAct 2001(Cwith).	18.066.086ordinary shares	18,068,086
GallagherHoldingsLimited	NefcoNominees PtyLtd or personsfrom whom ithas boughtshares onmarket("NNPL")	GallagherHoldingsLimited	Pursuant tosection 608(1)of theCorporationsAct	1,874,000ordinary shares	1,874,000
AlisherUsmanov	ANZ NomineesLimited andNNPL	GallagherHoldingsLimited	Taken undersection 608(3)of theCorporationsAct to have arelevantinterest byreason ofhaving votingpower above20% in, andcontrol of,GallagherHoldingsLimited	19,942,086ordinary shares	19,942,086
Wolff Steel Ltd.İ	ANZ NomineesLimited andNNPL	GallagherHoldingsLimited	Associate ofGallagherHoldingsLimited	19,942,086ordinary shares	19,942,086
Limited	Epion Holdings ANZ NomineesLimited andNNPL	GallagherHoldingsLimited	Associate ofGallagherHoldingsLimited	19,942,086ordinary shares	19,942,086
CortlandTrading Limited	ANZ NomineesLimited andNNPL	GallagherHoldingsLimited	Associate ofGallagherHoldingsLimited	19,942,086ordinary shares	19,942,086
Sam Invest Co.Limited	ANZ NomineesLimited andNNPL	GallagherHoldingsLimited	Associate ofGallagherHoldingsLimited	19.942,086ordinary shares:	19,942,086
GazMetallHolding(Russia)	ANZ NomineesLimited andNNPL	GallagherHoldingsLimited	Associate ofGallagherHoldingsLimited	19.942.086ordinary shares	19,942,086

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as fo

Name and ACN/ARSN (if applicable)	Nature of association
Not applicable	Not applicable

604 page 3/3 15 July 2001

1. Addresses

$\sim$ $\sim$ $\sim$ 0.4 The address

Name	Address
Gallagher Holdings Limited	205 Christodoulou Hadjipaviou Street, Louiloupis Court, 7thFloor, 3036 Limassol, Cyprus
Alisher Usmanov	c/o Gallagher Holdings Limited, 205 ChristodoulouHadjipaviou Street, Loulloupis Court, 7th Floor, 3036Limassol, Cyprus
Molff Steel Ltd.	4 Curzon Square, W1J 7FW London, UK
Epion Holdings Limited	Geneva Place, Water Front Drive, 3 rd Floor, Road Town,Tortola, British Virgin Islands
Cortland Trading Limited	15 Agio Pavlou Street, Ledra House, 1105 Agios Andreas,Nicosia, Cyprus
Sam Invest Co. Limited	17-19 Omonias Avenue, Flat/Office 101-102, 3052 Limassol,Cyprus
USC HK Metalloinvest	3 Lesnaya Street, 125337 Moscow, Russia

Signature

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its relatedcorporations, or the manager and trustee of an equity trust), the names could be included in an ann $(1)$ the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If $(a)$ subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the $(b)$ voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
  • See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant $\left( 7\right)$ Interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be includedeven if the benefit is conditional on the happening or not of a contingency. Details must be included on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an $(8)$ option) write "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial $(9)$ holding notice.

ANNEXURE A

This is Annexure A of 1 page (including this page) referred to in Form 604, Notice of change of interests of substantial holder, given by Gallagher.

Dated:

12 February 2009

Signed:

Name:

Demetrios Serghides Director/Agent

Contract Date	Number	Price	Total consideration
8 December 2008	123,846	0.2639	32,682.96
9 December 2008	260,763	0.27	70,406.01
10 December 2008	77,325	0.2718	21,016.94
11 December 2008	138,066	0.281	38,796.55
12 December 2008	300,000	0.3043	91,290.00
15 December 2008	200,000	0.304	60,800.00
16 December 2008	44,039	0.3145	13,850.27
17 December 2008	155,961	0.3071	47,895.62
11 February 2009	574,000	0.3113	178,686.20
Total	1,874,000		$555,424.55

Form 604 - change in substantial holding - Strike (2) (2)